THE FOUNDATION FIGHTING BLINDNESS INC (EIN 237135845) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

JASON D MENZO

Phone

4104230600

Tax Period

2024-07-01 to 2025-06-30

THE FOUNDATION FIGHTING BLINDNESS INC, founded in 1971, is a mid-sized nonprofit in the Medical Research sector that reported $36.6M in total revenue in fiscal year 2024. Expenses of $49.5M exceeded revenue, resulting in a 35% operating deficit.

Mission

SPOT BONUSES FOR EXTRAORDINARY WORK MIGHT BE PROVIDED TO EMPLOYEES AND ARE GROSSED UP. THESE SPOT BONUSES AND GROSS UPS ARE INCLUDED IN TAXABLE COMPENSATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,063,702

Program Service Revenue $2,004,208

Investment Income $2,544,692

Other Revenue $1,002,567

TOTAL REVENUE $36,615,169

Expense Breakdown

Grants Paid $22,880,201

Salaries & Benefits $11,708,364

Fundraising Expenses $9,011,999

Program Expenses $37,365,626

Other Expenses $14,211,512

TOTAL EXPENSES $49,532,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,615,169	$35,702,558	+0.0%
Expenses	$49,532,382	$48,226,411	+0.0%
Net Income	$-12,917,213	$-12,523,853	+0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

2500

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,572,956

Total Directors

$12,500

Key Employees

$2,051,282

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIENNE GRAVES PHD	DIRECTOR	1.00	Director	$0	$0	$12,500
KAREN PETROU	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
JASON MORRIS	EXECUTIVE VICE CHAIR	1.00	Officer Director	$0	$0	$0
HAYNES LEA	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
STEVEN ALPER	CHAIR, DEVELOPMENT	1.00	Officer Director	$0	$0	$0
JEFFREY FREED	CHAIR, AUDIT & RISK	1.00	Officer Director	$0	$0	$0
DAVID NIXON	CHAIR, FINANCE & INVESTMENT; TREAS.	1.00	Officer Director	$0	$0	$0
JONATHAN STEINBERG MD	CHAIR, SCIENCE	1.00	Officer Director	$0	$0	$0
MARYROSE SYLVESTER	CHAIR, AT LARGE	1.00	Officer Director	$0	$0	$0
WARREN THALER	CHAIR, NOMINATING & GOVERNANCE	1.00	Officer Director	$0	$0	$0
GORDON GUND	DIRECTOR - CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
DAVID BRINT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BURT	DIRECTOR	1.00	Director	$0	$0	$0
DARREN DEVOUE	DIRECTOR	1.00	Director	$0	$0	$0
LAURA FIETTA	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT HEIDENBERG	DIRECTOR	1.00	Director	$0	$0	$0
SUBER HUANG MD	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA LINK PHD	DIRECTOR	1.00	Director	$0	$0	$0
LAURA MANFRE	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD MANNING	DIRECTOR	1.00	Director	$0	$0	$0
JANINE MARKS NIXON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN MITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE PEINADO	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA STEELE	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA STEINBERG	DIRECTOR	1.00	Director	$0	$0	$0
JASON D MENZO	CEO	32.00	Officer	$504,560	$93,231	$723,931
PETER L GINSBERG	COO	32.00	Officer	$364,025	$85,311	$540,342
AMY M PALMER LASTER	CHIEF SCIENTIFIC OFFICER	40.00	Officer	$281,622	$27,061	$308,683
RUSSELL W KELLEY	MANAGING DIRECTOR, RD FUND	0.00	Key Emp	$0	$85,994	$533,294
TODD A DURHAM	SVP CLINICAL & OUTCOMES RESEARCH	40.00	Key Emp	$324,179	$80,261	$404,440
JEFFREY D KLAAS	CHIEF OF STRATEGY AND INNOVATION	40.00	Key Emp	$344,934	$33,516	$378,450
RICHELE DONAT	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$324,700	$45,263	$369,963
JUDY TAYLOR	SVP/CHIEF DEVELOPMENT OFFICER	40.00	Key Emp	$290,836	$74,299	$365,135
CHRISTOPHER S ADAMS	VP, COMMUNICATIONS & MARKETING	40.00	Highest	$237,414	$64,234	$301,648
MICHELE DIVINCENZO	VP, SCIENTIFIC & ED. CONFERENCES	40.00	Highest	$239,787	$60,971	$300,758
JEFFRY COLLINS	VP, DATABASE SYSTEMS & TECHNOLOGY	40.00	Highest	$234,136	$53,880	$288,016
ANNA WAGNER	VP, FINANCE	40.00	Highest	$239,697	$22,111	$261,808
CHAD R JACKSON - SR DIR	PRE-CLINICAL TRANSITIONAL PROG.	40.00	Highest	$207,565	$17,439	$225,004
CLAIRE M GELFMAN	FORMER CSO (THRU 6/24)	40.00		$341,844	$31,176	$373,020

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$36,615,169	$49,532,382	$110,885,645	$-12,917,213
2024	$35,702,558	$48,226,411	$124,009,134	$-12,523,853
2023	$30,437,892	$51,265,440	$130,891,355	$-20,827,548
2022	$42,887,836	$49,175,609	$145,877,854	$-6,287,773
2021	$29,791,479	$40,728,225	$155,616,058	$-10,936,746
2020	$35,372,887	$41,134,475	$159,573,247	$-5,761,588
2019	$53,369,210	$33,924,028	$166,093,298	$19,445,182

THE FOUNDATION FIGHTING BLINDNESS INC